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Cited by 1,603

The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.

Estimating the Technology of Cognitive and Noncognitive Skill Formation

Open access
·2010·Econometrica

Abstract

This paper formulates and estimates multistage production functions for child cognitive and noncognitive skills. Output is determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and stocks of skills in that period to assess the benefits of early investment in children compared to later remediation. We establish nonparametric identification of a general class of nonlinear factor models. A by-product of our approach is a framework for evaluating childhood interventions that does not rely on arbitrarily scaled test scores as outputs and recognizes the differential effects of skills in different tasks. Using the estimated technology, we determine optimal targeting of interventions to children with different parental and personal birth endowments. Substitutability decreases in later stages of the life cycle for the production of cognitive skills. It increases in later stages of the life cycle for the production of noncognitive skills. This finding has important implications for the design of policies that target the disadvantaged. For some configurations of disadvantage and outcomes, it is optimal to invest relatively more in the later stages of childhood.

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Crossref · 10.3982/ecta6551

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Metadata

Venue
Econometrica
Published
2010
Volume
78
Issue
3
Pages
883-931
ISSN
0012-9682 (ISSN-L)
OpenAlex
W3122967851
Cited by
1,603
References
11
FWCI
351.41
Type
journal article
Language
en
Open access
green

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.